Nokia stock
NOKIA.HEHELNokia Oyj, TechnologyISIN FI0009000681
44Score 44 out of 100, Weak
Price and trend
46 / 100
Price history
+28% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 15% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 54).
The price is 48% below its 52-week high. Largest decline in 20 years: 95% (November 2007 to July 2012).
Chart figures for advanced users
- SMA 50$9.53
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$10.02
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)54
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$5.71
- The lowest closing price of the last twelve months.
- Resistance$16.48
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Nokia Oyj belongs to the Communication Equipment industry (Finland) and, with a market value of $48.11B, is number 6 of 55 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $22.13B (up 3.5% year on year) and earnings of $699.89M (down 50.7%).
- For fiscal 2026, analysts expect on average revenue of $23.12B (up 4.5%) and adjusted earnings per share of $0.40 (up 26.5%).
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- MEQIRI Score 44 out of 100 (Weak): rank 709 of 857 in Technology, median 61.
- The P/E is 54.6 (Communication Equipment median 32.5, own median of recent years 19.2).
- Our model puts fair value at $9.70, with the price 11% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- More cash than debtCash $5.2B, financial debt $3.75B.Stability 62
- Analysts expect strong earnings growthUp 16.1% a year through 2028 (estimates from 16 analysts).
Weaknesses
- Richly valuedP/E 54.6, Communication Equipment median 32.5, own median 19.2.Valuation 42
- Volatile share priceVolatility 56% a year over the last 12 months.Stability 62
The score is held back by profitability and growth.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 42 to 44.
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high price swings
- weak fundamentals
- price far below its 52-week high
Valuation
Valuation signal
Fairly valuedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $6.93 and expensive above $16.16 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $14.33 (cash-flow model) and $5.07 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.3%. At 9.3% the fair value would be $8.49, at 7.3% it would be $11.43.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (32.5).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 4.2% on the twelve months before. Revenue has declined since 2006 (-4% per year), so it is worth watching closely.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 42%, operating 8%, net 3%.
Debt & balance sheet
latest quarterLow debt, and interest is adequately covered.
Earnings
- Next earnings
- 28 Jan 2027in 77 days
- Last reported
- 22 Oct 2026EPS reported $0.10 (expected $0.07)above expectations
Analyst estimates
Analysts have raised their 2026 earnings estimate by 5.9% since 15 Oct 2026.
- Earnings per share
- $0.40+5.9%
- Revenue
- $23.12B0.0%
- Earnings per share
- $0.47+3.9%
- Revenue
- $25.08B+1.3%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −10.4%Operating profit remains on track to be somewhat above the midpoint of guidance, while free cash flow conversion is now expected toward the low end of the 55% to 75% assumption.
“Considering some of the increased restructuring costs and as we make some investments in working capital to prepare for growth, we now expect to track towards the low end of our free cash flow conversion assumption of 55% to 75%.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 23 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Nokia
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 44
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Communication Equipment
The next larger and next smaller companies by market value
- Foxconn Industrial Internet601138.SS $135.53B61
- Zhongji Innolight300308.SZ $90.61B70
- Motorola SolutionsMSI $88.49B76
- Lumentum HoldingsLITE $58.77B50
- Eoptolink Technology300502.SZ $44.95B68
- CienaCIEN $41.98B63
- UbiquitiUI $41.11B79
- Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST $34.71B66
ETFs that hold Nokia
Held by 161 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares STOXX Europe 600 Telecommunications UCITS ETF (DE)EXV2 | 10.54% | 0.46% | €256.65M |
| State Street SPDR MSCI Europe Technology UCITS ETFSPYK | 5.82% | 0.18% | €176.18M |
| iShares MSCI Europe Information Technology Sector UCITS ETFESIT | 5.79% | 0.18% | €257.61M |
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| Amundi MSCI EMU ESG Selection UCITS ETF DR EUR (C)AMED | 4.37% | 0.25% | €2.37B |
| Amundi MSCI EMU SRI Climate Paris Aligned UCITS ETF DR (C)SRHE | 4.00% | 0.18% | €119.46M |
| VanEck Quantum Computing UCITS ETFQUTM | 3.62% | 0.55% | €675.94M |
| Amundi MSCI Europe SRI Climate Paris Aligned UCITS ETF DR (C)MIVB | 2.76% | 0.18% | €1.59B |
| Amundi MSCI Nordic UCITS ETF-CCN1G | 2.72% | 0.25% | €370.74M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.